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Industry News / Market Forecast

October 25, 2019

Architecture Billings Index Moderates, But Challenging Conditions Continue

Design activity shows signs of remaining sluggish at U.S. architecture firms, according to the latest Architecture Billings Index (ABI) from the American Institute of Architects.

The September score is 49.7, which is an improvement from the August score of 47.2, but any score below 50 indicates a decrease in billings during the month.

Two other measures in the monthly survey, new project inquiries and design contracts, were both positive, with scores of 59.0 and 54.4 respectively.

“Though still in negative territory, the moderating billings score along with the rebound in design contracts and inquiries serve as a continued note of caution for the industry,” said AIA Chief Economist Kermit Baker. “Continued weakness in the larger economy still doesn’t bode well for future design services, which will likely see continued volatility in the months ahead.”

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October 25, 2019



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